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Thailand weighs lifting ICO retail investment limit


The Securities and Exchange Commission (SEC) in Thailand is considering lifting the retail investment limit for initial coin offerings (ICOs) in an effort to stimulate investment in digital tokens, according to a statement by the regulator. The current investment limit for retail investors in asset-backed ICOs is set at THB300,000 (USD8,900) per person per project. If the limit is lifted, investors would be allowed to buy more of the ICOs, but their risk exposure would also increase, the statement said. The SEC also plans to require digital asset operators to apply for permission before expanding into other businesses, a move that may result in additional compliance costs. The public hearing on the proposed changes will continue until April 27.

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